Reuters US Economy

(Reuters) -Ratings agency Fitch upgraded Ghana’s ratings to “B-” from “restricted default” on Monday, saying the country has normalized relations with a significant majority of its external commercial creditors. The gold producing nation is recovering from its most severe economic crisis in decades, after facing challenges in its critical cocoa and gold industries which forced …

Fitch raises Ghana’s ratings to ‘B-‘, pushing it closer to investment grade Read More »

OTTAWA (Reuters) -Canadian home sales rose 3.6% in May from April and were down 4.3% on an annual basis, data from the Canadian Real Estate Association showed on Monday. The industry group’s Home Price Index was almost unchanged on the month and was down 3.5% annually, while the national average selling price was down 1.8% …

Canadian home sales rise, prices flat in May on a monthly basis Read More »

OTTAWA (Reuters) -Canadian housing starts were largely flat in May compared with April as a slight rise in groundbreaking in multiple unit urban homes was offset by a marginal drop in starts in single-family detached urban homes, national housing agency data showed on Monday. The seasonally adjusted annualized rate of housing starts was down 0.2% …

Canadian housing starts largely flat in May from April – CMHC Read More »

JERUSALEM (Reuters) -Israel’s economy grew more than previously estimated in the first quarter, boosted by exports and investment, the Central Bureau of Statistics said on Sunday, as the war in Gaza against Palestinian Islamist group Hamas continued to impact growth. In the bureau’s second estimate, gross domestic product grew an annualised 3.7% in the first …

Israel’s growth revised higher to 3.7% annualised in first quarter Read More »

(Reuters) -Croatian consumer prices rose 3.5% in May on a yearly basis, confirming an earlier flash estimate, according to data released by the statistics office on Monday, with the restaurants and hotels sector surging 9%, the biggest sectoral increase in May. Restaurants and hotels contributed 0.46 percentage point to overall consumer price growth, the data …

Croatian consumer prices rise 3.5% in May on the year Read More »

By Andrea Shalal WASHINGTON (Reuters) -Sri Lanka has made substantial progress on an IMF-supported economic reform program, but more work is needed to reduce the Asian country’s 24.5% poverty rate, tackle corruption and reduce domestic debt, the global lender’s No. 2 official said Monday. In remarks prepared for a conference in Colombo, Gita Gopinath, first …

Sri Lanka has ‘no room for policy errors’ in economic reforms, IMF says Read More »

SYDNEY (Reuters) -Australia’s central bank is leaning towards publishing unattributed votes from its monetary policy committee only when there is no consensus, with a formal decision on the issue set to be made at the July board meeting. Reserve Bank of Australia Governor Michele Bullock and Treasurer Jim Chalmers met last Wednesday in Sydney to …

Australia’s central bank leans towards publishing unattributed votes on non-consensus decisions Read More »